U.S. software provider Verint has made progress meeting required SEC financial reporting requirements, but remains delinquent on required SEC quarterly and annual filings for the year ended Jan. 31, 2010. The ratings on Verint remain on CreditWatch Developing. If Verint is able to meet credit facility filing requirements in the very near term, and the audited numbers are in line with recently released preliminary financial results, we could raise the rating to 'B+' with a stable outlook. On April 20, 2010, Standard&Poor's Ratings Services said that its ratings on Melville N.Y.-based software provider Verint Systems Inc. remain on CreditWatch with developing implications, which indicates that we could raise or lower the ratings. We placed Verint's ratings on CreditWatch
